Chudenko Corporation (TSE:1941) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 1.28% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,687.7 million. The shares will be repurchased at a price of ¥2,411 per share.

The purpose of the program is to enhance shareholder returns and improve capital efficiency. As of September 30, 2023, the company had 54,814,729 issued shares (excluding treasury stock) and 3,323,388 treasury shares.